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PIM

Franklin Master Intermediate Income Trust
PIM

59 hedge funds and large institutions have $77.7M invested in Franklin Master Intermediate Income Trust in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

38% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 13

7% more capital invested

Capital invested by funds: $72.5M → $77.7M (+$5.19M)

4% more funds holding

Funds holding: 57 → 59 (+2)

1.65% more ownership

Funds ownership: 23.18% → 24.83% (+1.7%)

Holders
59
Holders Change
+2
Holders Change %
+3.51%
% of All Funds
1.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
18
Reduced
13
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$2.07M
2
SIA
Sit Investment Associates
Minnesota
+$965K
3
Invesco
Invesco
Georgia
+$965K
4
JG
Jefferies Group
New York
+$685K
5
PPA
Parametric Portfolio Associates
Washington
+$655K

Top Sellers

Rank Fund Capital Flow
1
PM
Penbrook Management
New York
-$814K
2
Morgan Stanley
Morgan Stanley
New York
-$255K
3
SCM
Sterneck Capital Management
Missouri
-$151K
4
AllianceBernstein
AllianceBernstein
Tennessee
-$142K
5
PP
Paloma Partners
Connecticut
-$79K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
26
WealthTrust Axiom
Pennsylvania
$133K -$15.4K -3,000 -10%
RMDI
27
R.M. Davis Inc
Maine
$103K +$103K +20,044 New
Goldman Sachs
28
Goldman Sachs
New York
$99K -$49.6K -9,675 -34%
CNB
29
City National Bank
California
$99K +$98.5K +19,190 New
VKH
30
Virtu KCG Holdings
New York
$95K +$12.8K +2,489 +16%
CFSG
31
Community Financial Services Group
Vermont
$88K – – –
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$87K +$385 +75 +0.4%
NL
33
NWAM LLC
Washington
$85K – – –
HCM
34
Hollencrest Capital Management
California
$78K – – –
SKK
35
Shepherd Kaplan Krochuk
Massachusetts
$72K – – –
PR
36
Payden & Rygel
California
$71K – – –
PAS
37
Partnervest Advisory Services
California
$69K – – –
OC
38
Oarsman Capital
Wisconsin
$68K +$87 +17 +0.1%
PHS
39
Pekin Hardy Strauss
Illinois
$67K +$66.4K +12,950 New
Citigroup
40
Citigroup
New York
$59K -$2.7K -526 -4%
CWM
41
Concert Wealth Management
California
$57K – – –
WA
42
WFG Advisors
Texas
$55K +$462 +90 +0.8%
WA
43
Winfield Associates
Ohio
$30K – – –
SSB
44
Sandy Spring Bank
Maryland
$26K – – –
Deutsche Bank
45
Deutsche Bank
Germany
$25K +$24.9K +4,860 New
HCM
46
Horrell Capital Management
Arkansas
$17K – – –
AIG
47
American International Group
New York
$12.9K – – –
US Bancorp
48
US Bancorp
Minnesota
$11K -$75.8K -14,781 -87%
DBT
49
Dubuque Bank & Trust
Iowa
$10K – – –
Creative Planning
50
Creative Planning
Kansas
$8K -$3.61K -704 -32%
1
2
3

PIM Hedge Fund Activity: Q2 2014 in Review

59 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2014, worth a combined $77.7M — up 7.2% from $72.5M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new PIM positions and 5 closed out — a net gain of 2 holders — while 18 added to existing stakes and 13 trimmed.

The largest buyer was 1607 Capital Partners, adding an estimated $2.07M. The largest seller was Penbrook Management, cutting an estimated $814K.

  • 59 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2014, up from 57 in Q1 2014.
  • Funds reported $77.7M of Franklin Master Intermediate Income Trust stock for Q2 2014, up 7.2% quarter-over-quarter.
  • 7 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2014 and 5 closed out, a net change of +2 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q2 2014 was 1607 Capital Partners, an estimated $2.07M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q2 2014 was Penbrook Management, an estimated $814K sold.

Based on aggregated 13F filings for Q2 2014.